News June 13, 2022: Peltarion, Spotify, Droppa, SFW, Yubico, Surfboard Payments, Stockeld Dreamery and more

‌‌Here is today's curation of news from Sweden's startup and tech sector.

This post has been unlocked and made available for free a month after publication.

Subscribe to Swedish Tech News to get access to a daily newsletter that brings you a brief overview of news from the Swedish startup & tech sector, curated by Martin Weigert.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

Mergers & acquisitions

  • Peltarion (Stockholm, AI platform aimed at operationalizing AI technology quickly) was acquired by Activision Blizzard-owned interactive entertainment company King. Financial terms were not disclosed. In 2021, Peltarion was valued at SEK890M (English, Swedish / DI Digital paywall).
  • Spotify (Stockholm, audio streaming service) acquired UK-based Sonantic, a startup that has built an AI engine to create very realistic-sounding, yet simulated, human voices from text. Financials were not disclosed (English).

Funding news

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • Yubico, Stockholm- and Palo Alto-based provider of secure login solutions, has reached profitiblity. Booked sales for the first 5 months of 2022 grew by 120% compared to the same period of last year, to SEK800M (€75M, $80M), according to CEO and founder Stina Ehrensvärd (Swedish / DI Digital paywall).
  • Surfboard Payments, Stockholm-based payments startup, has been granted a license to fully act as a payment institution, from the Swedish Financial Supervisory Authority (English).
  • Stockeld Dreamery, Stockholm-based startup making plant-based cheese, launched a cream "cheese" product (English).
  • Sifted published a ranking of 95 "Nordic startups and scaleups to watch in 2022" (English).
  • Stockholm-based Zenith Venture Capital announced the first close of a new fund at SEK375M (€35M, $37M), with a target of SEK500M-SEK575M, for investments in startups and scaleups at various stages (Swedish / DI Digital paywall).

Other interesting things from the startup/VC world & beyond

  • Estonian VC fund Superangel announced a new €50M fund to invest primarily in deeptech startups from across the Baltics and Nordics. The firm is tokenising up to 5% of its new fund’s carried interest, which will be given to industry experts who work closely with portfolio companies to help them develop strategies and processes (English / Sifted paywall, alternative URL).
  • The challenges that come with secondary sales outside of traditional funding rounds (English).

Other interesting things related to Sweden

  • Shortage of train drivers in Sweden could lead to major summer delays (English / The Local paywall, alternative URL).
  • 📺 2 rubbish bins in Malmö have been equipped by city authorities with loudspeakers, blaring out raunchy phrases like "ooooh, right there yeah" to encourage passers-by to use the bins to get rid of their rubbish (English).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: